**ARTICLE ONE** 

 **LEASE OF AIRCRAFT** 

 1.1 Lessor agrees to lease to Lessee the Aircraft without crew on a non-exclusive basis, subject to the availability of the Aircraft when Lessee desires to operate same and at the price and terms and conditions herein
contained. 

  




|  |  |
| --- | --- |
| 1.2 | Lessor agrees to lease the Aircraft to Lessee in an airworthy, fully maintained condition.  |

 **ARTICLE TWO** 

 **TERM** 

 2.1 This Lease shall commence as of the date hereof and shall automatically be renewed from year to year thereafter under the same terms and conditions set forth herein,
unless and until terminated by either party upon ten (10) days written notice, or as otherwise set forth in Articles 8 and 19 below (the “Term”). 

 2.2 Within thirty (30) days after the date of termination of this Lease, the parties shall make a full accounting and settle all accounts between them.